Canadian Dollar Hits Two-Month Low on Retail Slump
The Canadian dollar weakened to a two-month low against the US currency as domestic retail sales dropped in July. Trade uncertainties and a stronger greenback further weighed on the loonie's outlook.
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The USD/CAD fell 0.2% to 1.4125 on Thursday afternoon as Canada reported weaker retail sales. The currency pair touched its weakest level since July 14 at 1.4149 during the morning session. The drop reflects broad greenback strength and domestic economic headwinds.
